Renovated Historic Office
725 North 15th Street Allentown, PA 18102
725 North 15th Street, Allentown, PA, 18102
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For Sale
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Historic office building with 17 units, fully occupied, renovated in 2011 and 2020.
Property Size35,941 SF
Price / SF$125.07
Days on Market23
Property Features for 725 North 15th Street
General Information
- Standard status
- Active
- Size
- 35,941 SF
- Property subtype
- Retail, Office
Listing agency
SVN | Imperial Realty
(484) 245-1002
Listed by
Tom Skeans, CCIM · License #PA RS273976
Source
Crexi
Added: Jun 30 Updated: Jul 21 at 11:56PM Checked: Jul 21 at 11:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Imperial Realty
Investment Insights
Based on property information with market context.
725 North 15th Street is a historic office building featuring 17 units and currently operating at full capacity. The property underwent renovations in 2011 and again in 2020, supporting a well-maintained office asset.
Located in Allentown within the Lehigh Valley area, the building is zoned for Highway Commercial use. The current full occupancy provides immediate tenant coverage for investors seeking a multi-unit office property.
With a 17-unit configuration, this office building is suited for an investor portfolio focused on maintaining current rental performance in a renovated, fully leased format.
Located in Allentown within the Lehigh Valley area, the building is zoned for Highway Commercial use. The current full occupancy provides immediate tenant coverage for investors seeking a multi-unit office property.
With a 17-unit configuration, this office building is suited for an investor portfolio focused on maintaining current rental performance in a renovated, fully leased format.
Key Highlights
- Historic office building totaling 35,941 SF
- 17 units and currently fully occupied
- Renovated in 2011 and again in 2020
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $280.3k | $7.80 |
| − Vacancy | −$20.2k | −$0.56 |
| EGI | $260.2k | $7.24 |
| − OpEx | −$65.0k | −$1.81 |
| NOI | $195.1k | $5.43 |
35,941 SF · lease $7.80/SF/yr · vacancy 7.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.79M
$2.44M – $3.25M
NOI $195,117 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.06M
$6.18M – $8.24M
NOI $494,261 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Allentown Sewing Machine ...
General Contractor
Legacy Christian Church
Church
THE ONE YOU Fitness ...
Gym & Fitness Center
Autolex Dealerships
Car Dealership
Moore, LLC
Employment Agency
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FAQs
What type of property is this?
Office building - Historic office building with 17 units, fully occupied, renovated in 2011 and 2020.
Where is this office building located?
The property is located at 725 North 15th Street Allentown, PA.
What is the asking price?
The asking price for this property is $4,495,000.
What are key features of this property?
This property features: Historic office building totaling 35,941 SF; 17 units and currently fully occupied; Renovated in 2011 and again in 2020
